Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
Browns Linebacker Kendricks Charged by SEC With Insider Trading
By Melanie WaddellThe SEC Enforcement Division said, "Kendricks paid cash and shared celebrity perks for illegal tips that enabled him to trade and profit on confidential information."
August 28, 2018
It's All About the BenjaminsA more aggressive stance by SEC examiners means advisors need to be prepared and able to respond to the questions below.
August 27, 2018
SEC Fines Legg Mason $34M in Libyan Bribery SchemeA former asset management unit with the firm partnered with a French bank to bribe Libyan government officials, the SEC said.
August 27, 2018
FINRA, Exchanges Set New CAT Schedule After Missing DeadlineFINRA and national securities exchanges have failed to begin reporting consolidated audit trail data as scheduled, SEC Trading and Markets chief Redfearn said.
August 27, 2018
SEC Orders Transamerica Affiliates to Repay $97M Over Rookie's Faulty Quant ModelsThe four affiliates launched the products and strategies "without first confirming that the models worked as intended," SEC said.
August 24, 2018
FINRA Bars Broker for Paying His Mortgage With Elderly Client's Money: EnforcementAlso, the SEC charged real estate investment companies with operating a $135 million fraud scheme.
August 24, 2018
IRS Moves to Block New York, New Jersey Plans to Bypass SALT CapThe proposed rule targets charitable workarounds to the limit on state and local tax deductions.
August 23, 2018
Senate Banking Committee Advances Roisman as New SEC CommishSenate Banking approved by voice vote the nomination of Elad Roisman, the Committee's chief counsel, to replace former SEC Commissioner Michael Piwowar.